Top 4 traits of a successful trader.

savoir said:
A very sensible post. I could not agree more, especially with the last part. People love to bullshit themselves, and they wonder why they keep failing.
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savoir,

Yes ALOT of people bullshitting around.

If you not making money as a trader, you a newbie and entry level trader and should NOT be giving advice about anything trading related. Too much bullshitting going on.

If you not making money, shut up.
 
SimpleMeLike said:
The only trait of a successful trader is one that makes money each month of the year for XX amount of years.

Everything else is bullshitting and pony and clown show.
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Your opinion is so narrow that you sound ignorant. Not only that but you put the cart before the horse.

Beating the market in the long term is the very tip of an iceberg.
- How well you manage all the extenuating challenges that life throws at you.
- Maintaining focus and control when your chips are down.
- controlling the impulse to go all in attempting to recover from a drawdown.
-having the focus to stick to what you know even after reading and watching a multitude of different opinions. Because, as you know, the world is always burning...

I could go on with that list but I hope you get the point.

Beating the market is a consequence. NOT the cause. How could it be if you actually take the time to think about it?
 
I think the main problem when it comes to trading and lack of success is that we over-estimate our capabilities and under-estimate the skill required.

For better or worse, when it comes to the traditional education system, it has a decades old process for transferring the knowledge.

But when you come into trading, you start from zero. What the f#ck are you going to do, lol? How are you going to learn?? There's nothing natural about trading, so you know nothing and you don't have a learning process. While at the same time, you think you are " the one". One is doomed and about to get f#cked.


You can sprinkle some motivational words like "believe in yourself", but how is that going to help? If that belief is not innate, you probably don't stand a chance anyways.
 
what seems to work for me...

1) being able to accept the 'game-like' nature of this business ... it all just revenue minus cost in the perspective of average trade net profit
2) being super-consistent in what to apply in the markets day by day
3) being hard-working in preparation but effortless in the process of trading
4) being able to 'switch off' to find some time off the markets to rejuvenate and re-charge
 
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